Finance Minister Nirmala Sitharaman on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank. Speaking on consolidation of the three public sector banks, Ms Sitharaman said the target bank will be the second largest public sector bank with a business of Rs. 17.95 lakh crore, “1.5 times the size of Punjab National Bank”. The government “wants a strong financial system” and the banking reforms will clear the path to make India a $5-trillion economy, the Finance Minister said.
Making Path Clear For $5 Trillion Economy: Finance Minister Nirmala Sitharaman
Making Path Clear For $5 Trillion Economy: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank. Speaking on consolidation of the three public sector banks, Ms Sitharaman said the target bank will be the second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". The government "wants a strong financial system" and the banking reforms will clear the path to make India a $5-trillion economy, the Finance Minister said.
Thanks! Share it with your friends!
- Views:397 views
- Tags:
clear, economy, finance, Making, minister, Nirmala, path, Sitharaman, trillion
- Categories: Breaking News
Comments
Comments are disabled for this post.